BiGGAR Economics Economic Impact of the University of St Andrews A Final Report to the University of St Andrews th 18 May 2010 BiGGAR Economics Midlothian Innovation Centre Pentlandfield Roslin, Midlothian EH25 9RE 0131 440 9032
[email protected] www.biggareconomics.co.uk CONTENTS Page 1 INTRODUCTION................................................................................................. 1 2 EXECUTIVE SUMMARY..................................................................................... 2 3 CONTEXT ........................................................................................................... 4 4 METHODOLOGY................................................................................................ 9 5 CORE UNIVERSITY IMPACTS......................................................................... 11 6 STUDENT IMPACT........................................................................................... 14 7 TOURISM.......................................................................................................... 23 8 COMMERCIALISATION ................................................................................... 28 9 CAPITAL PROJECT SPEND............................................................................ 32 10 COMMUNITY INTERACTION ......................................................................... 34 11 SUMMARY OF QUANTITATIVE IMPACTS.................................................... 35 12 CONTRIBUTION TO VALUE OF EXPORTS .................................................